Royce Value Trust
107 hedge funds and large institutions have $315M invested in Royce Value Trust in 2013 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 25 increasing their positions, 61 reducing their positions, and 4 closing their positions.
350% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 4
14% more funds holding
Funds holding: 94 → 107 (+13)
7% more capital invested
Capital invested by funds: $295M → $315M (+$19.5M)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0.54% less ownership
Funds ownership: 28.22% → 27.67% (-0.54%)
59% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 61
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.17M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$1.5M |
| 3 |
MWR
McAdams Wright Ragen
Seattle,
Washington
|
+$1.46M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$1.45M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.67M |
| 2 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
-$2.62M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$2.29M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$2.06M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.93M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TFA
101
Transamerica Financial Advisors
St. Petersburg,
Florida
| $4K | -$244 | -16 | -7% |
|
|
HI
102
Hudock Inc
Williamsport,
Pennsylvania
| $3K | -$229 | -15 | -7% |
|
|
CWM
103
Cranbrook Wealth Management
Bloomfield Hills,
Michigan
| $2K | +$1.44K | +94 | New |
|
|
OFG
104
OTA Financial Group
Purchase,
New York
| $241 | +$231K | +15,104 | New |
|
|
VKH
105
Virtu KCG Holdings
New York
| – | -$189K | -12,689 | Closed |
|
|
TRCT
106
Tower Research Capital (TRC)
New York
| – | -$26K | -1,735 | Closed |
|
|
AC
107
Alexandria Capital
Arlington,
Virginia
| – | -$5K | -311 | Closed |
|
108
Fifth Third Bancorp
Cincinnati,
Ohio
| – | +$31 | +2 | New |
|
RVT Hedge Fund Activity: Q4 2013 in Review
107 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Royce Value Trust (RVT) for Q4 2013, worth a combined $315M — up 6.6% from $295M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new RVT positions and 4 closed out — a net gain of 14 holders — while 25 added to existing stakes and 61 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.17M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.67M.
- 107 institutional investors held Royce Value Trust (RVT) as of Q4 2013, up from 94 in Q3 2013.
- Funds reported $315M of Royce Value Trust stock for Q4 2013, up 6.6% quarter-over-quarter.
- 18 funds opened new Royce Value Trust positions in Q4 2013 and 4 closed out, a net change of +14 holders.
- The largest Royce Value Trust buyer in Q4 2013 was Morgan Stanley, an estimated $5.17M added.
- The largest Royce Value Trust seller in Q4 2013 was Rivernorth Capital Management, an estimated $3.67M sold.
Based on aggregated 13F filings for Q4 2013.